Mathematics, 22.02.2021 18:30 relic7391

A Barry and Bernice have obtained a 30-year, fixed rate mortgage for $635,250 with a 7.35% interest rate. They purchased 2 points and their rate

is now 6.92596. Factoring in the cost of points, when is the break-even point on their mortgage? (2 points)

a 2 years, 11 months

Ob 3 years, 11 months

Oc

5 years, 10 months

Od

2 years, 4 months

Answers: 1

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A Barry and Bernice have obtained a 30-year, fixed rate mortgage for $635,250 with a 7.35% interest...